Milk Contract News Today

Dairygold has reduced its August milk price by 2.5c/L as markets continue to weaken, with no sign of improvement in the near term.

Tirlán, is the latest milk processor to announce a sharp cut to its milk price for August supplies.

Tirlán has cut its base milk price by 3c/L for July supplies, citing "weakening global markets".

Milk right now, if the cost of milk is below $16 in boston for a milk contract, the government writes a check to every milk farmer, dairy farmer in the country, to make up for the difference. if it is below that number they get a check. if it is above that number they dont get any check. bottom line, if you look at back end of the milk futures right now were below that area right now. without that check the farmers will have to double their prices. we may see a big cut in production as well. a l...